SunSirs: This Week, the Price of Sodium Metabisulfite Slightly Decreased (January 8-12)
January 17 2024 10:37:26 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the domestic price of sodium metabisulfite continued to decline this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,433.33 RMB/ton, and the average price over the weekend was 2,400.00 RMB/ton, a decrease of 1.37% during the week.
Analysis review
Due to the continued weakness in raw material prices, some enterprises had slightly lowered the factory price of sodium metabisulfite this week, driving the domestic market price of sodium metabisulfite to continue to decline. This week, the domestic industrial grade sodium metabisulfite market price range was between 2,200-2,450 RMB/ton. The inventory of the enterprise was about 30%, mainly to complete orders from old customers.
This week, domestic soda ash prices fell by 3.42%, while sulfur prices increased by 1.08%. Overall, upstream raw material prices continued to show a downward trend, and the continuous decline in raw material costs will further suppress the domestic market price of sodium metabisulfite in the future.
Market outlook
SunSirs’ analysts believe that raw material costs continued to decline, and in the short term, the overall price of sodium metabisulfite in the domestic market is weak and difficult to improve.
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- 2024-04-24 SunSirs: This Week, the Price of Sodium Metabisulfite Remained Stable and Continued to Move Forward (April 15-19)
- 2024-04-16 SunSirs: The Price of Sodium Metabisulfite Was Running to Be Weaker This Week (April 8-12)
- 2024-04-09 SunSirs: The Price of Sodium Metabisulfite Continuedto Be Weak
- 2024-04-03 SunSirs: The Price of Sodium Metabisulfite Remained Weak in March
- 2024-03-26 SunSirs: The Price of Sodium Metabisulfite Was Weaker This Week (March 18-22)
